$899,000

40051 Forest Road

Big Bear Lake CA, 92315

Description

6 Beautifully Remodeled Units on Parklike 3/4 Acre near the Lake. Views of Mountains and Castlerock Area. Main House: 3 Bedrooms, 2 Full Baths, Large Storage/ Laundry Area. (Projected Rent $1600- Owner Uses and may Rent Back). Duplex 2 Bedroom, 1 Bath Each plus Large Storage Room. Rents are $925 and $825. 3 Cottages all with 1 Bedroom, 1 Bath. rents are $775, $790 for new Tenant, and $600 for Manager. Rents Totals $66180. Tenants Pay Gas and Electric. Many Rents have not been Increased in over 3 years! Lot Size and Zoning may allow 2 more Units be built. Check with City. Units are Like New- Dual Pane Windows, Granite Counters, Cabinetry, Tile Floors, Decks, Stainless Steel Appliances. $80-$100k Spent on Roofs, Driveways and Inside Improvements. Tenants have stayed for many Years. This is a Great Passive Income Investment and if you choose to move in yourself the Main house is Gorgeous! Property has a total of 10 Bedrooms and 7 Baths!

Details

MLS32002659
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1946
Days On Site70

Features

SQ Feet3,948
Water FrontNo

Market Activity 92315

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Area Information
StateCA
CountySan Bernardino
CityBig Bear Lake
Zip Code92315
AreaBig Bear Lake Central
Listing VS Median (in 92315)
Price:
$899,000
low | high
Med:
$425,000
100% of Average
SqFt:
3,948
low | high
Med:
1,279
100% of Average
$ / SqFt:
$228
low | high
Med:
$332
4.040727784624% of Average
On Site:
70
low | high
Med:
106
66.037735849057% of Average
Listing Updated: 09/24/2020
John Corey LogoMLS Number: 32002659
Listing Provided By:
John Corey  of  Boulder Bay Real Estate

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Big Bear Association of REALTORS®.